1. Bank of America Settles on Mortgage Securities
... did not conform to normal standards (Schwartz). Sheila C. Bair, the chairwoman of the Federal Deposit Insurance Corporation, feared that the unresolved mortgage claims were preventing the economy from rehabilitating. "Unresolved legal claims could serve as a drag on the recovery of the housing market," she said. "The healing of the housing market is essential to the recovery of the broader economy" (Schwartz). "We'd love never to talk about this again and put it behind us, but ... the right answer is to fight for it," said Brian T. Moynihan, Bank ... ...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate